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Zalando to launch 50 million euro share buyback

FILE PHOTO: A woman walks past the logo of fashion retailer Zalando in Berlin, Germany, November 9, 2017. REUTERS/Fabrizio Bensch

FRANKFURT (Reuters) - German online fashion retailer Zalando (ZALG.DE) said on Thursday it would launch a 50 million euro (44 million pounds) share buyback to cover its management stock option programmes.

The buyback would run from May 11 until June 4, the company said in a regulatory news release.

(Reporting by Douglas Busvine; Editing by Michael Nienaber)